Multi-Suite Flex
For Sale
Contact for pricing
24 National Hwy, Cumberland, MD 21502
Updated commercial suites offer open layouts, private offices, reception areas, and flexibility for single- or multi-tenant occupancy.
Property Size8,000 SF
Lot Size1.00 Acre
Price / SF$168.75
Days on Market170
Property Features for 24 National Hwy
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
29
Lot size
1.00 Acre
Property subtype
Retail, Self Storage
Zoning
Commercial
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$114,736
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1988
Buildings
1
Units
35
Tenancy
Multi
Listing Agency:
JDS Real Estate Services, Inc.
Listed By:
Jennifer Stein · License #01507135
(213) 446-5366
Source:
Crexi
Added: May 1
Changed: Oct 14
Last Checked: Oct 16 at 8:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JDS Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
Located at 24 National Hwy in Cumberland, this flex-space property occupies approximately 1 acre and includes a building constructed in 1988. The interior is arranged around multiple suite configurations, with open areas, private offices, and reception spaces. Recent updates and renovations support continued commercial use, while the layout can accommodate either one occupant or multiple tenants.
The property sits along National Highway (US-40) within the LaVale/Cumberland corridor. On-site parking and easy ingress and egress support customer and business access. The surrounding commercial district is near residential neighborhoods and established retail and dining destinations, placing the property within a service-oriented business environment.
The property sits along National Highway (US-40) within the LaVale/Cumberland corridor. On-site parking and easy ingress and egress support customer and business access. The surrounding commercial district is near residential neighborhoods and established retail and dining destinations, placing the property within a service-oriented business environment.
Key Highlights
- Approximately 1 acre along National Highway (US‑40)
- Commercial zoning
- Multiple suite configurations with open areas, private offices, and reception spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,202
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,164,040
$2.2M
Cap Rate 7%
$1,545,743
$1.5M
Cap Rate 9%
$1,202,244
$1.2M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$144.0K $18.00/SF
− Vacancy
−$16.7K −$2.09/SF
EGI
$127.3K $15.91/SF
− OpEx
−$19.1K −$2.39/SF
NOI
$108.2K $13.53/SF
Area
Allegany County, MD
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,164,040
Cap Rate 7%
$1,545,743
Cap Rate 9%
$1,202,244
Alternative Uses
Best Use
Flex RnD
$1.95M
$1.71M – $2.28M
NOI $136,619 @ 7.0% cap · market cap 10.12%
Second Best
Warehouse
$1.55M
$1.35M – $1.80M
NOI $108,202 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,677 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial suites offer open layouts, private offices, reception areas, and flexibility for single- or multi-tenant occupancy.
Where is this flex space located?
The property is located at 24 National Hwy Cumberland, MD.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 1 acre along National Highway (US‑40); Commercial zoning; Multiple suite configurations with open areas, private offices, and reception spaces
